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Natural gas

(Lucas Schifres/Bloomberg)

Raymond James cuts natural gas price forecast

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Raymond James lowered its long-term natural gas price estimates Monday, putting the investment banking firm in a growing group of analysts seeing a bleaker future for the fuel.
The Maersk Developer drills an exploratory well into Statoil's Martin prospect, about 3,000 feet below the surface in the Gulf of Mexico. Two years ago, Statoil paid $157 million for the right to drill into a single 9-square-mile block at the site and the Norwegian company is now spending about $1.1 million a day to rent the Developer, supply the drilling rig and pay for other contractors. (Jennifer A. Dlouhy / Houston Chronicle)

Maersk gets approval for $4.5 billion U.K. North Sea gas field

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The field, located in the central part of the British area of the North Sea, is expected to produce enough natural gas to meet 5 percent of the U.K.’s total demand in 2020 or 2021.
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

Shale boom has made U.S. oil production less vulnerable to hurricanes

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Hurricanes no longer pose as much of a threat to domestic production as they once did since the shale boom reduced the United States’ reliance on oil and gas extracted offshore, according to a new federal analysis.

Crude retracing after a rampant rally

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On this final Friday in August, the crude complex is looking lower into the weekend after yesterday’s nutty 10% rally. The rollercoaster ride across financial markets continues apace, with Chinese equities rallying nearly 5% amid further market intervention from Chinese authorities to prop it up up. Overnight we have had a number of economic data […]
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

Encana selling Louisiana assets for $850 million

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The assets being sold include about 112,000 acres. Encana will use the proceeds from the sale to reduce debt.
(Lucas Schifres/Bloomberg)

Low natural gas prices this summer set to linger into winter

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The result of increased production has been a stalemate between demand and supply in 2015 — natural gas prices today are about 5 percent lower than they were on Jan. 1.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

EPA pushes rules slashing methane, hinting oil industry hasn’t gone far enough

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The Environmental Protection Agency proposed the new regulations Tuesday, making a significant step toward fulfilling the White House’s March pledge to pare oil and gas methane emissions by 40 to 45 percent by 2025.
Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Noble reaches deal with Israel over natural gas development

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The deal sets a price ceiling for future sales to Israeli companies and commits the gas firms to complete the development of the country’s largest gas field, known as Leviathan, by 2020.
Carl Icahn at The Waldorf-Astoria Hotel in New York, March 16, 2010. (Chad Batka/The New York Times)

Carl Icahn takes activist stake in Cheniere Energy

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Investors are eagerly watching Cheniere Energy after billionaire investor Carl Icahn disclosed that he has obtained an activist stake in the company, raising questions about the changes he may be targeting at the Houston-based liquefied natural gas giant.
A gas flare is seen in an aerial view in the early morning hours of July 30, 2013 near Watford City, North Dakota. (Photo by Andrew Burton/Getty Images)

Industrial natural gas use to continue to grow quickly, EIA says

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New plants coming online are set to drive industrial natural gas growth forward by more than three percent in the next two years, the U.S. Energy Information Administration said in an analysis Wednesday.